Latvia: Savings, percent of GDP

The latest value from 2025 is 19.99 percent, an increase from 18.81 percent in 2024. In comparison, the world average is 22.57 percent, based on data from 100 countries. Historically, the average for Latvia from 1995 to 2025 is 21.07 percent. The minimum value, 12.53 percent, was reached in 1996 while the maximum of 31.25 percent was recorded in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Latvia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Savings is an amount that represents the part of disposable income (adjusted for thechange in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.